The shares of this leading Aimtron PCB Assembly & Electronic Design and Manufacturer hit a 5% upper circuit to Rs 265.70 per share a day after Ace investor Ashish Kacholia bought a stake.
On Friday’s early trade., Aimtron Electronics Ltd. stock hit a 5 percent upper circuit. The company has a market capitalization of Rs. 542 per share.
According to NSE deal data, Marquee investor Ashish Rameshchandra Kacholia bought a new equity stake of 8,00,000 equity shares, representing 27.5 percent of the company, through a bulk deal on June 6 for an average price of Rs 241 per share.
The company was listed on the NSE SME on June 6. Aimtron Electronics shares were listed at ₹241.00 apiece on NSE SME, a premium of nearly 50% to the issue price of ₹161 per share.
Incorporated in 2011, Aimtron Electronics Ltd specializes in electronics system design and manufacturing (ESDM), focusing on high-value precision engineering products.
The company provides a wide range of services including PCB (Printed Circuit Board) Assembly, Product Design, Electromechanical Assembly, Electronics Testing, and Turnkey Manufacturing.
Promoter Seshasayee Paper and Boards Limited acquired a 4.88 percent stake in Ponni Sugars (Erode) at an average price of ₹422 per share, purchasing approximately 4.2 lakh shares. As of March 30, Seshasayee Paper and Boards held a 27.45 percent stake in Ponni Sugars (Erode).
On the selling side, Gothic Corporation divested a 3.8 percent stake, equivalent to around 3.2 lakh shares, in Ponni Sugars (Erode). Additionally, Duke Endowment sold a 0.87 percent stake at an average price of ₹422 per share.
The company’s revenue has increased by 172 percent year on year, from Rs 26.32 crore in FY21-22 to Rs 71.58 crore in FY22-23. During the same period, Net profit has increased from a loss of Rs 1.80 crore to a profit Rs 8.6 crore.
Written by Omkar Chitnis
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